Banks-Insurance
Porsche Finance Group Romania Appoints New CEO
Porsche Finance Group Romania on Tuesday announced it has appointed Alexander Nekolar as chief executive officer, replacing Kurt Leitner who was transfered to a new position within the Porsc...
Private Pension Regulator Approves Merger Of Four Voluntary Funds
Romanian private pension regulator CSSPP on Tuesday authorized the final stage of the merger of voluntary pension funds managed by BRD Pensii Private, Generali Pensii Private and Onix Asigur...
Romania Plans To Sell RON4.5B Treasuries In December
Romania’s Finance Ministry plans to sell state paper worth 4.5 billion lei (EUR1.03 billion) in December, up from RON3.93 billion sold a month earlier, ministry data showed Tuesday.
Both Government Spending And Loans Will Shrink In 2012: So How Do We Boost The Economy?
The big question in 2012 is how do we inject “financial substance” into the economy when the current fiscal policy sends out a procyclic impulse toward contraction, while bank loans are gett...
EU Might Decide In Two Weeks Whether To Resume Reimbursements To Romania - Minister
The European Commission might decide in two weeks if Romania may resume sending bills for structural fund reimbursements to Brussels, Romanian Minister for European Affairs Leonard Orban sai...
Leu Widens Gains Vs Euro, Exchange Rate At 4.3498
Romania’s leu extended early gains versus the euro by midday Tuesday, amid higher volumes, and the central bank’s reference won 0.2% to 4.3498 units, from 4.3587 units a day earlier.
Leu Opens Up Vs Euro, Peers Gain Ground
The Romanian leu opened Tuesday slightly stronger against the euro, and remained stable after the first hour of the session, while other currencies in the region were posting modest gains.
EFG Eurobank Switches To EUR8.2M 9-Month Loss In Romania
Greece’s second biggest bank EFG Eurobank Monday said it has switched to a loss of EUR8.2 million in Romania in the first nine months, from a net profit of roughly EUR14 million in the year-...
Alpha Bank 9-Month Pretax Profit In Romania Falls 80% On Year
Greece’s third largest lender Alpha Bank Monday said its pretax profit in Romania dropped 80% to EUR7 million in the first nine months of the year, on lower operating revenues.